Analyst sees Brent staying in $95–115 range unless Iran progress accelerates
Analyst Geoffrey Dennis, per TradingView, says Brent may stay at $95–115 without more progress toward peace, and also weighs in on AI stocks and US midterms.
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what happened
Independent commentator Geoffrey Dennis, according to TradingView, cautions against expecting a lasting drop in crude after US President Donald Trump's remarks on Iran. In his view, Brent could keep trading between $95 and $115 a barrel unless there is significantly more progress toward peace.
On AI stocks, he argues the recent weakness does not necessarily mark the end of the trade, since strong earnings growth could still support valuations. Disappointing results from some companies, however, have hurt investor confidence, and heavy spending on data centres and computing capacity remains a key risk. He also flags a possible Democratic sweep in the US midterms, which could raise regulatory pressure on AI firms.
why it matters
For oil, the key question is whether Trump's words translate into a real reduction of the geopolitical premium. Dennis suggests prices would stay in a broad range without serious progress, while for the AI sector earnings and investment spending will be the main drivers.
market impact
Oil: geopolitical premium persists, Brent likely to stay in a broad range; AI stocks: depend on earnings
- Brent mixed — Trump's remarks ease the premium, but Iran uncertainty remains
tags
instruments
sources
- Brent crude may stay between $95 and $115, says Geoffrey Dennis — TradingView, 3 November 2026 at 03:58 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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